1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
alukav5142 [94]
3 years ago
7

Oriole Company has the following budgeted sales: January $210000, February $260000, and March $220000. 40% of the sales are for

cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month. The total expected cash receipts during March are:
Business
1 answer:
statuscvo [17]3 years ago
6 0

Answer: The total expected cash receipts during March is $232000.

Explanation:

Given that,

Budgeted sales in January = $210000

Budgeted sales in February = $260000

Budgeted sales in March = $220000

40% of sales are for cash and rest 60% are on credit

Total cash receipts during march = cash sales in the month of march + Credit sales in the month of February + Credit sales in the month of march

= 40% of 220000 + 260000 × 60% × 50% + 220000 × 60% × 50%

= 88000+78000+66000

= $232000

Therefore, the total expected cash receipts during March is $232000.

You might be interested in
Ryan, a professional bass fisherman, is trying to determine which lure is most effective on wakeby lake—the plastic worm he norm
alexandr402 [8]

The answer is<u> "The plastic worm".</u>

A plastic worm (or trout worm) is a plastic fishing lure, for the most part made to recreate a night crawler. Plastic worms can convey an assortment of shapes, hues and sizes, and are produced using an assortment of engineered polymers.  

The Plastic Worm is the Best Single Bait for Catching the Most Fish, for the Most People, Most Consistently, as per proficient anglers. Experts have said that no other bait gives the fisher a superior opportunity to get angle. This end is bolstered by reports that the Plastic Worm has assumed a part in more competition wins than some other trap or bait.  


8 0
4 years ago
Find the value of a stock that is expected to pay a dividend next year of 2.20 assuming you are required return is 12 percent.
ElenaW [278]

Answer:

$18.33

Explanation:

Given that

Expected dividend pay in next year = $2.20

Required rate of  return = 12%

The formula and the computation of the value of a stock are shown below:

Value of a stock = Expected dividend pay in next year ÷  required rate of  return

= $2.20 ÷ 12%

= $18.33

Simply dividing the Expected dividend pay in next year by the required rate of return to get the value of a stock.

7 0
3 years ago
The newest version of a product like Crutchfield headphones is likely to use _____, while the new version of Monster Energy is l
PolarNik [594]

The newest version of a product like Crutchfield headphones is likely to use price skimming, while the new version of Monster Energy is likely to use  penetration pricing

<h3>What is  price skimming?</h3>

Price skimming is a pricing strategy that a company can use when launching a new product or service.

Electronic products, such as the Apple iPhone, frequently use a price-cutting strategy during the initial launch period. Then, after competitors launch competing products, such as the Samsung Galaxy, the price of the product drops to maintain the product's competitive advantage.

The pricing strategy will be influenced by the stage of the product's life cycle. The process of charging a relatively high price for a product is referred to as price skimming. Skimming is commonly used when a product is new to the market (in its introduction or growth phase) and has few competitors.

To know more about  price skimming follow the link:

brainly.com/question/15371394

#SPJ4

3 0
1 year ago
An economy initially has 200 units of physical capital per worker. Each year, it increases the amount of physical capital by 10%
tatyana61 [14]

Answer:

266,2 units of capital per worker

Explanation:

The capital growth as stated is compound growth. Since technology and human capital are constant, there is not expected changed in productivity factors relationship, so the formula for compound growth, in this case, is: capital per worker in 3 years' time = capital per worker * (1+ annual rate growth) ^ 3. Computing numbers would be: capital per worker in 3 years' time = 200*(1+10)^3= 266,2

4 0
3 years ago
A machine costing $132,000 was destroyed when it caught fire. At the date of the fire, the accumulated depreciation on the machi
ELEN [110]

Answer:

Gain on disposal of $78,000

Explanation:

The computation of the disposition of the machine is shown below:e

= accumulated depreciation + insurance received based on the replacement cost of the machine - Destroyed cost of the machine  

= $60,000 + $150,000 -  $132,000  

= $78,000

Since the machine was replaced so accumulated depreciation should be included and the destroyed cost of the machine should be deducted.

The $78,000 record gain disposal of the machine  

8 0
4 years ago
Other questions:
  • How much must harry's hardware deposit at a 14.5% annual interest for 240 days in order to earn $500 in simple interest?
    13·2 answers
  • Match the type of market structure with each example.
    8·2 answers
  • Craigburg has a working age population of 20 million. Of those, 11 million are employed and 1 million are unemployed. The unempl
    7·1 answer
  • A production facility is trying to determine the best batch size for an item that is produced intermittently. This item has an a
    15·1 answer
  • Aggressive marketing in the context of format wars: a. does not encompass point-of-sales promotion techniques. b. deters early a
    5·1 answer
  • ABC Inc.'s stock has a 25% chance of producing a 10% return, a 50% chance of producing a 15% return, and a 25% chance of produci
    13·1 answer
  • Catherine has been managing her company for a couple of years. She now plans to expand her business by bringing in fresh funding
    10·2 answers
  • We are evaluating a project that costs $786,000, has an eight-year life, and has no salvage value. Assume that depreciation is s
    9·1 answer
  • Question 2
    6·1 answer
  • The entry made at the end of the accounting period to record wages incurred but unpaid is:________
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!